New Delhi: Shares of Jet Airways continued to rise for the second day in succession Tuesday, zooming nearly nine per cent on the bourses following the exit of founder and chairman, Naresh Goyal and his wife Anita Goyal from the board of the ailing airline.
The stock opened on a bullish note Tuesday and jumped 8.80 per cent to Rs 276.90 on the BSE and at the NSE shares advanced 8.93 per cent to Rs 276.80. Shares of Jet Airways had zoomed 15.5 per cent, Monday.
Goyal and his wife will resign from the board of the airline, according to a regulatory filing Monday. The decision was taken at the airline’s board meeting held in Mumbai.
In the filing to the stock exchanges, Jet Airways said Monday that Naresh, Anita and one nominee of Etihad Airways PJSC would step down from the board. Abu Dhabi-based Etihad is a strategic partner with 24 per cent stake in Jet Airways.
Further, an immediate funding of up to Rs 1,500 crore would be provided to the cash-strapped airline by ‘way of issue of appropriate debt instrument’, the filing had added.
Jet Airways, which has been operating for more than 25 years, is grappling with financial crunch and is also looking to raise fresh funds.
The airline has suspended operations on at least 14 international routes till the end of April and over 80 planes have been grounded.